Indian equities are likely to see stock-specific action as several companies reported developments ranging from strategic partnerships and regulatory updates to order wins and operational challenges. Refining companies and upstream oil producers may remain in focus after reports that the United States has given India a 30-day waiver to purchase Russian oil cargoes currently stuck at sea. Meanwhile, select companies across IT, defence, railways and financial services are expected to see movement following corporate announcements and business updates.
Refiners/OMCs: Refining companies may remain in focus after reports that the US has given India a 30-day waiver to purchase Russian oil cargoes currently stuck at sea.
ONGC / Oil India: Upstream oil companies may be tracked as crude oil prices remain elevated, with Brent trading above $84 per barrel.
Wipro: The company has appointed Laura Miller to its board. She has experience helping large enterprises navigate AI-driven transformation and digital change.
Dr Reddy’s Laboratories: The US FDA has classified the company’s manufacturing unit in Srikakulam as Voluntary Action Indicated (VAI) and issued an Establishment Inspection Report (EIR).
Tata Elxsi: The company has launched multi-agentic solutions designed for the automotive software development lifecycle for original equipment manufacturers.
Mazagon Dock Shipbuilders: The company has completed contract negotiation committee discussions with the government for a potential ₹99,000 crore order, which will now be taken up for approval.
Titagarh Rail Systems: The company has transferred its interest in its loss-making Italian subsidiary to the government to avoid further capital infusion.
Bharat Forge: The company’s arm has signed a memorandum of understanding with Garden Reach Shipbuilders & Engineers (GRSE) for marine engineering solutions.
MOIL: The company has increased prices of certain categories of manganese ores and fines by 2% for March.
DCX Systems: The company has secured a ₹68 crore order from Hindustan Aeronautics Limited (HAL).
Fractal: The company reported Q3 revenue growth of 7% quarter-on-quarter, while adjusted EBITDA margin stood at 17.8% compared with 17.4% year-on-year.
SAMHI Hotels: The company will acquire a 70% stake in RARE India, a hotel aggregator platform with around 60 hotels, for ₹47 crore.
Zaggle Prepaid Ocean Services: The company has won an employee expense management contract from Blue Star.
Angel One: The brokerage reported a 22.9% decline in gross client acquisition in February, while overall average daily turnover declined 13% month-on-month.
ONGC: The company’s petrochemical arm has reported constrained production at its Dahej cracker due to disruption in gas supply.
Time Technoplast: The company said polymer prices have risen about 20% due to the war-related situation and forex volatility, though operations in the MENA region remain unaffected.